Ollie's Bargain Outlet SVP sells over $1.9m in company stock

In a recent transaction, Kevin McLain, the Senior Vice President of Merchandising at Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI ), sold a significant number of shares in the company. The executive disposed of shares with a total value exceeding $1.9 million. The sales occurred on September 16 and 17, and were executed within a price range of $98.98 to $99.56 per share.


Alongside the sales, McLain also made purchases of Ollie's Bargain Outlet stock, totaling approximately $899,831, at prices ranging from $32.20 to $58.90. These transactions adjusted his direct ownership in the company but still resulted in a significant net sale.


The sales and purchases by McLain were part of a pre-arranged trading plan, set up in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, which allows insiders to establish predetermined trading plans when they are not in possession of material non-public information.


Investors often monitor insider transactions as they can provide insights into how executives view the company's current valuation and future prospects. In this case, McLain's transactions show a rebalancing of his holdings in Ollie's Bargain Outlet, with a substantial amount of stock being sold.


Ollie's Bargain Outlet Holdings, Inc. is known for its chain of discount retail stores offering brand name merchandise at reduced prices. The company has been expanding its footprint and is a popular destination for bargain hunters looking for deals across various product categories.


The transactions by McLain have been publicly filed and detailed information regarding the number of shares sold at each separate price within the reported range is available upon request to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission.



In other recent news, Ollie's Bargain Outlet Holdings Inc. reported strong second-quarter results for fiscal year 2024, with a 12% increase in net sales to $578 million. The company also experienced a 5.8% rise in comparable store sales, largely due to an uptick in transactions and basket size. Loop Capital and KeyBanc Capital Markets have both maintained a positive outlook on Ollie's, with Loop Capital maintaining a Buy rating and a price target of $110, while KeyBanc lifted the stock target to $105 with an Overweight rating.


Piper Sandler also reaffirmed its confidence in Ollie's, keeping an Overweight rating with a $107 price target. These recent developments come as Ollie's continues to navigate market pressures, including potential impacts from competitor Big Lots (NYSE:BIG )' liquidation sales. Both Loop Capital and Piper Sandler highlighted the potential bankruptcy of Big Lots as a unique opportunity for Ollie's in terms of sales, closeouts, and new store openings.


In the midst of these developments, Ollie's continues to focus on its growth strategy, planning to open multiple new stores and expecting net sales of $2.276 billion to $2.291 billion for fiscal 2024. The company's ability to adapt to market conditions and consumer trends, while maintaining strong vendor relationships, positions it well for future success.
InvestingPro Insights


As Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) continues to navigate the retail landscape, recent insider transactions have drawn attention to the company's stock performance and valuation. Two notable InvestingPro Tips highlight the company's financial health and market sentiment. Firstly, Ollie's has achieved a perfect Piotroski Score of 9, indicating strong financial positioning. Additionally, 10 analysts have revised their earnings upwards for the upcoming period, suggesting a positive outlook on the company's profitability.


From a valuation standpoint, Ollie's is trading at a low P/E ratio relative to near-term earnings growth, with a current P/E ratio of 30.06. This is slightly lower than the adjusted P/E ratio for the last twelve months as of Q2 2025, which stands at 29.83. Moreover, the company's PEG Ratio for the same period is 0.81, which could imply that the stock is reasonably valued based on expected growth rates. The revenue growth has been robust, with a 14.15% increase over the last twelve months as of Q2 2025, further underpinning the potential for future earnings expansion.


Ollie's Bargain Outlet has also demonstrated a solid performance in terms of share price appreciation, with a significant 30.85% return over the last six months and a 27.09% return over the past year. These metrics, combined with the latest insider transactions, may provide investors with a clearer picture of the company's financial health and growth prospects.


For those interested in a deeper analysis, InvestingPro offers additional tips on Ollie's Bargain Outlet Holdings, which can be explored for a more comprehensive investment decision-making process.

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Source: Investing.com